SECI's 1,200MW wind project tender oversubscribed

Bids totaling 2,325MW were submitted by nine participants.

A 1,200MW wind project tender by the Solar Energy Corporation of India (SECI) has been oversubscribed by 1,125MW, according to Mercom India.

Bids totaling 2,325MW were submitted by nine participants. A source revealed that SB Energy bid for 600MW, ReNew Power, Enel and EDF each bid for 300MW, Engie and Adani each submitted bid for 250MW, Continuum bid for 150MW, Ecoren bid for 125MW, whilst Powerica bid for 50MW.

A winning tariff of $0.036/kWh was quoted in the 1,200 MW Tranche-V wind auction conducted by SECI.

The report added that for a shortfall in production, the developer will have to pay to SECI 75% of the PPA tariff for the energy shortfall. For excess generation, SECI can procure the excess power at 75% of PPA tariff.